The down time and expense required to take a physical inventory can be a substantial cost in lost inventory activity time.
The Physical Inventory Module (PIM) from Data Developers Plus, Corp. reduces the time that inventory processing must remain idle while inventory counts are analyzed and processed. It is designed with tools and utilities to process physical counts quickly and accurately. Inventory activities, such as filling sales orders, processing purchase orders, issuing invoices, etc. can be resumed in the shortest time possible.
The PIM also integrates with the Riata™ RF Warehouse Management System to add both wireless mobility throughout your warehouse facilities and optional barcode scanning.
The PIM can be used in a variety of multi-user and multi-warehouse scenarios. Using the PIM for your physical inventory procedures follows a four step sequence:
1. The first step is to define a batch. The batch is the content list of what will be counted (e.g. warehouse #1,or items from AAA to BBBB, etc.). The batch is processed once all assignedinventory counts are entered.
2. In the second step of the process individuals are deployed to physically count inventory. No need to worry if the same item is counted by more than one person. The PIM merges all counts into one "net" count. The counts can be entered into the system from a spreadsheet or froma remote scanner if the Riata RF system is used
3. The third step is to resume all inventory activities once the counts have been entered into the PIM batch.
4. In the fourth step inventory auditors can the take the time necessary to analyze variances and update item counts in the batch.
Once the batch quantities are finalized the inventory quantities are processed into the accounting system: the finalized batch count is reconciled against the pre-inventory batch count while adjusting for items received or shipped after the physical inventory was completed in step two.
With the PIM a company only needs to “freeze frame” inventory activities for the period of time it takes to create a batch, take the counts, and enter the counts into the batch file. Inventory activities are resumed.
The time required to conclude inventory audits and reconciliations does not put a stop to normal business operations!
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Data Developers Plus, Corp. • 8860 S. Maryland Pkwy. #109 • Las Vegas, NV 89123 • www.ddpcorp.com